2013 Update: Percentage of Americans without health insurance falls for third year in a row.
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Obamacare Is Working
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In fact, Buffett has supported Obama from the beginning and makes no bones about entrenched class warfare in America. http://paxonbothhouses.blogspot.com/2012/01/class-warfare.html
A profound and generalized evil occupies the contemporary conservative psyche, having such corrupting effect that Republicans and Tea Bags experience zero moral compunction when telling whole-cloth lies.
To the contrary, they see themselves "morally" obligated to tell bald-faced lies whenever it seems bald-faced lies might bring an end to liberal initiatives they consider disadvantageous.
The Prince of Darkness has no better allies than these compulsive liars for whom falsehood is virtue.
Here is an account of Buffett's 2010 comments on the state American healthcare, comments that have been recently resurrected to make it appear -- by flying in the face of Truth -- that Buffet encourages the scrapping of Obamacare. http://mediamatters.org/mobile/research/2010/03/02/fox-amp-friends-misrepresent-warren-buffetts-co/161099
And here is the corresponding 2010 videoclip.
http://www.youtube.com/watch?v=KmDflUJ6OzE
Clearly, Mr. Buffett is not an Obamacare evangelist but nowhere in this 2010 clip does The Oracle of Omaha say -- or imply -- that Obamacare would be worse than the 2010 healthcare status quo which was the real object of Buffett's 2010 criticism.
Make no mistake. Buffett was damning the American healthcare system that existed prior to Obamacare, not Obamacare. (Spend an hour poking around www.Snopes.com and notice the staggering number of egregiously false allegations that circulate in right-wing email chains.)
Yes, in 2010 Buffett would have liked Obamacare to focus more on cost containment, but relative to the status quo ante, Obamacare was - and is - a clear improvement.
Like most liberals and radicals - myself included -- Buffett gets most passionate over prospects for radically cost cutting the flabby American healthcare system bloated by decades of "free market" laissez faire.
As it happens, the only way to achieve radical cost-cutting (at least as manifestly demonstrated in developed countries) is to adopt government-backed universal healthcare. http://paxonbothhouses.blogspot.com/2013/03/national-geographic-chart-of-per-capita.html
Any presumption that the per capita cost of healthcare can be significantly cut by unregulated marketplace mechanisms simply re-instates the out-of-control cost trajectory that characterized free market chaos prior to Obamacare.
Notably, Obamacare is already lowering per capita healthcare cost.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/the-cost-curve-is-bending-does-obamacare-deserve-the-credit/
A personal note... Physicians at my "own" Duke Medicine Clinic in Hillsborough, North Carolina - http://www.dukehealth.org/locations/hillsborough_family_practice/location_details -openly acknowledge that healthcare costs are coming down - and coming down steeply - in anticipation of the very cost containment measures that Obamacare will soon enact in earnest.
At bottom, cowering, whining, simpering conservatives are terrified that Obamacare will not only work, but work well.
When Obamcare proves successful -- as it will; indeed, as it already has -- the political door will permanently open to the full menu of universal social services that characterize socialized capitalism throughout Europe.
Finally, the United States of Barbaria will embrace the rudiments of Civilization. http://paxonbothhouses.blogspot.com/2012/02/cheese-eating-surrender-monkeys.html
On the other hand, if Obamacare were to make the cost of per capita healthcare rise, it would be repealed "in a heartbeat," the very result "conservatives" claim as their objective!
So why aren't conservatives laughing-gas-giddy over Obamacare's "imminent collapse" which, in their telling, would obliviate Barack HUSSEIN Obama with a tsunami of eternal humiliation.
If conservatives were honest about the premises they pretend to be fundaments of their strategy, they would cheer the purported debacle of Obamacare as a suicidal hoist on Barack's own petard. http://paxonbothhouses.blogspot.com/2013/09/no-rate-shock-obamacare-premiums-lower.html
To the GOP's horror, Obamacare's pending success will mark the definitive demise of The Republican Party as we know it.
Buffett: Scrap Obamacare and Start All Over
By Money Morning Staff Reports
Healthcare costs in the United States are like a tapeworm eating at our economic body.
Those words come from famed investor Warren Buffett, who said he would scrap Obamacare and start all over.
"We have a health system that, in terms of costs, is really out of control," he added. "And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else."
Buffett insists that without changes to Obamacare average citizens will suffer.
"What we have now is untenable over time," said Buffett, an early supporter of President Obama. "That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body."
Buffett does not believe that providing insurance for everyone is the first step to take in correcting our nation's healthcare system.
"Attack the costs first, and then worry about expanding coverage," he said. "I would much rather see another plan that really attacks costs. And I think that's what the American public wants to see. I mean, the American public is not behind this bill."
Editor's Note: Even though Buffett opposes Obamacare, the legendary investor knows the government will spend billions making sure Obamacare works. Specific companies will see windfall profits because of this. To see which stocks will benefit most from Obamacare, CLICK HERE.
Buffett's certainly not alone in his discontent for Obamacare. Ask millions of Americans what they think about the new law, and chances are they're ready to pop a jugular.
The government program, slated to being in earnest October 1 when the exchanges go live, is one of the most hated bills in history.
Critics heavily oppose the mandate requiring them to purchase health insurance. They're also furious at all the new taxes, fees, and higher premiums they'll be stuck paying, thanks to Obamacare.
Yet, while millions of Americans loathe every facet of The Affordable Care Act, as it's officially titled, another group of Americans see it as a once-in-a lifetime opportunity to get rich: Investors.
According to most Wall Street experts, Obamacare will create unheard of fortunes for investors who tap into the right companies.
That's because the U.S. will spend billions, even trillions of dollars implementing, regulating, and enforcing Obamacare.
Select companies and their investors are set to make a fortune in the next several months - and years - as the full Obamacare plan gets underway.
Even main street investors will have a chance to reap big paydays - provided they know which sectors stand to benefit most.
The chances of Obamacare getting repealed are close to zero. Don't get angry, get rich. To see which sectors and stocks will reap enormous profits because of Obamacare, GO HERE.
With the implementation of Obamacare quickly approaching, millions of Americans are asking what they can do to prepare for all the new costs and rules.
One expert, Betsy McCaughey, former Lieutenant Governor of New York and constitutional scholar with a Ph.D. from Columbia University, recently wrote a best-selling book showing Americans how they can survive Obamacare.
McCaughey is one of the only people in the country -- including members of Congress - who has actually read the entire 2,572 page law.
Her book, titled Beating Obamacare: Your Handbook for Surviving the New Health Care Lawbreaks down the complicated bill into 168 pages of actionable advice.
The book, written in an easy going, easy to read style, shows some startling facts about Obamacare not seen in the mainstream press.
For example, she points to a little known passage in the bill that shows how you could get slapped with a $2,000 fine for not having health insurance - even if you do actually have it.
She also goes into detail explaining how one third of all U.S. employers could stop offering health insurance to their workers.
In one chapter, she shows how ordinary Americans will get stuck paying for substance abuse coverage even if they never touched a drink or drug in their life.
And according to McCaughey's research, senior citizens will get hit the hardest. "If you're a senior or a baby boomer, expect less care than in the past," she says. "Hip and knee replacements and cataract surgery will be especially hard to get from Medicare in the months ahead."
She warns seniors to get some of those types of procedures done now before Obamacare goes into full effect.
In addition, many will find it difficult to keep their medical records private, according to McCaughey.
"The law will compel Americans to share with millions of strangers who are not physicians confidential private and personal medical history information they do not wish to share."
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